Common use of Deposit and Payment Clause in Contracts

Deposit and Payment. A security deposit of $100 is required at the time of signing the Facility Rental Agreement in order for rental to be contractually valid. Should the event be cancelled between the agreement date and 30 days prior to the event, $50 is refunded to the Client. Should the event be cancelled in the 30-day time period prior to the scheduled date, there will be no refund of the security deposit. The full rental fee amount is due to the Town 30 days prior to the event date. The Town accepts cash, checks, money orders, cashier’s checks, and credit/debit cards. A fee of $30 is assessed for returned checks.